India’s transport sector budget to fall by 18% in 2014/2015

The Indian government has announced an 18% cut in transport sector spending in the 2014/2015 fiscal year. However, the government will allocate a higher proportion of the sector’s budget to complete transport projects in India’s north eastern states. Meanwhile, vehicle producers are giving discounts to boost India sales due to oversupply in the sector.
February 19, 2014 Read time: 1 min
The Indian government has announced an 18% cut in transport sector spending in the 2014/2015 fiscal year. However, the government will allocate a higher proportion of the sector’s budget to complete transport projects in India’s north eastern states. Meanwhile, vehicle producers are giving discounts to boost India sales due to oversupply in the sector.
Highway & Network Management

Related Content

  • JCB’s new India factory complex
    March 6, 2014
    JCB is to open a new India production factory complex as part of an ambitious global manufacturing and sales growth strategy. Speaking during JCB’s Conexpo 2014 press conference, JCB ceo Graeme Macdonald said, “We continue to invest for our future. Following the 2012 opening of our US$100 million factory in Brazil, we’re now planning to open later this year JCB’s $100 million factory complex in Jaipur – our fourth in India. It’s actually two factories, covering 700,000 square foot on a 114-acre site. It’s
    Read More
  • RAP extends road maintenance and construction budgets
    October 26, 2020
    As fuel tax revenue disappears in the pandemic, the city of Janesville, Wisconsin is seeing savings and performance benefits
    Read More
  • Wacker Neuson improves Q3 earnings in despite challenges
    November 14, 2016
    Light and compact equipment manufacturer Wacker Neuson Group saw revenue and earnings for the third quarter of 2016 increase relative to 2015. The company said that seen over a nine-month period, revenue remained at the prior-year level, balancing out the drop in earnings experienced during the first half of the year only partly. Despite adverse market factors, including ongoing crises in many emerging markets and key industries such as the agricultural sector, the oil and gas industry and mining, gro
    Read More
  • Russia's massive transport programme
    May 2, 2012
    Russia is rolling forward with a massive programme of road building and reconstruction. The plans call for some 5,700 km of federal highways to be repaired by 2017. At present, only 38% of Russia's roads are in good condition and this has been identified as a key priority for improvement by the country's Government.Meanwhile the authorities in the Russian city of St Petersburg have a target infrastructure investment programme for 2012 as well as plans for 2013 and 2014
    Read More

Highlighted Content